Total monthly cost of ownership
Cost to Own a Home in Salida, Colorado
A $583,000 home here costs
$4,140per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $177,500 a year.
A standard mortgage calculator would have told you $3,179. The real number is $961 higher every month, 30% more than the payment most buyers budget for.
Compare Chaffee County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Salida against Chaffee County and Colorado
| Measure | Salida | Chaffee County |
|---|---|---|
| Median home value | $583,400 | $598,500 |
| Median property tax | $1,470 | $1,664 |
| Effective tax rate | 0.252% | 0.278% |
| Median gross rent | $1,567 | $1,514 |
| Population | 5,786 | 19,876 |
The weather behind that power bill
Salida sits in Chaffee County, which averages a high of 83.2°F in its hottest month and a low of 11.1°F in its coldest, with 9.93" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 130 cooling and 7,521 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Chaffee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chaffee County
Full Chaffee County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Salida averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Salida every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Salida I already own here and may sell
Common questions
How much does it cost to own a home in Salida?
A $583,000 home in Salida, Colorado costs approximately $4,140 per month with 20% down at 7.24%. That is $3,179 principal and interest, $122 property tax, $169 homeowners insurance, $184 utilities and $486 set aside for maintenance.
What is the property tax rate in Salida?
Salida has an effective property tax rate of 0.252%, based on a median home value of $583,400 and median real estate taxes of $1,470. That is lower than the Chaffee County average of 0.278%.
What is the average home price in Salida?
The median owner-occupied home value in Salida, Colorado is $583,400, against $598,500 across Chaffee County.
Is it cheaper to rent or buy in Salida?
Median gross rent in Salida is $1,567 a month, against $4,140 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Salida?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Salida, Colorado at today's rate takes a household income of roughly $177,500 a year. That covers the full $4,140 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Salida, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Colorado.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.